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AUD/USD

Australian dollar (AUD) to United States dollar (USD) exchange rate.

Product Type: Currencies	Market: Global
Trading Hours: 24 hours, Mon-Fri.

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Description:

The US dollar and the Australian dollar are among the world’s major currencies – the former holds the number one spot, the later reigns in the sixth. AUD/USD represents the amount of US dollars needed to buy one Australian dollar. Despite being a relatively small country (51st largest in terms of population), Australia has a total nominal GDP of $1.483 trillion, making it the 12th largest economy in the world. The country enjoys extensive international trading activities, which are primarily attributed to its being both the 19th-largest importer and exporter in the world and to its government’s non-interference policy and high-interest rates. The Aussie dollar (also referred to as ‘buck’ or ‘dough’) is considered a “commodity currency” due to its close ties to the country’s abundantly-available raw materials sector, which includes, among others, agriculture, forestry, fishery and mining.

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Interesting Facts:

Australia is known as the Land of Plenty. Immensely rich in natural resources, it is one of the worlds’ top exporters of metals, minerals and agriculture commodity products.
USD – the official currency of the largest and wealthiest economy in the world – is involved in over 90% of all global currency transactions.
AUD/USD is within the top 8 most popular currency pairs and makes up a substantial share of the foreign exchange market.
Australia's export efforts are directed mainly to Northeast and West Asia: third of which to China, a fifth to Japan, and another fifth to South Korea and India.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read full risk warning.

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